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International Board to Unveil
New Merger Accounting Rules

By

Silvia Ascarelli and

Cassell Bryan-Low Staff Reporters of The Wall Street Journal

Updated Dec. 5, 2002 12:01 a.m. ET

LONDON -- The group responsible for setting international accounting standards is unveiling proposals for merger accounting that in some ways are tougher than the existing U.S. approach. The move is part of a broader joint effort to meld U.S. and international-accounting standards.

The proposed international standard is likely to draw concern from U.S. companies. But the U.S. rule setter, the Financial Accounting Standards Board, has...